The Caledonian Group has expanded its US operations with the launch of Caledonian Fund Services (USA) LLC.

Headquartered at 401 S LaSalle Street, Chicago, Illinois, Caledonian Fund Services (USA) LLC will provide US onshore fund administration and tax consulting services to hedge funds and fund of funds. The new entity is a result of a venture between the Caledonian Group and The Gabriele Group.

Heading the new company is Jim Gabriele, a CPA with more than 15 years experience in the financial services industry. Gabriele's experience with the prime broker community will make Caledonian Fund Services (USA) LLC a leading advisor to hedge funds. Allan Gabriele, a CPA with over 20 years tax advisory experience, will serve as Tax Director.

'Caledonian Fund Services (USA) LLC is a significant achievement in Caledonian's expanding product offering and jurisdictional coverage and a key component of the group's fund services strategy. This venture will allow us to be more responsive to the needs of our US based clients utilizing our best of breed fund services technology platform.'

Background notes: The Caledonian Group has a staff of over 135 and is headquartered in the Cayman Islands. With over 35 years of experience in the financial industry and with offices in the Cayman Islands, Isle of Man, Chicago, New York and BVI, the Caledonian Group is expanding jurisdictional reach that enables efficient handling of European, Asian and North American clients.

The Gabriele Group is a full service fund accounting firm with over 20 years experience in the Chicago market.

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